New Delhi, Nov. 17 -- Seven-year regulatory breach exposes casino giant's control failures; Settlement includes sweeping anti-money laundering reforms set for approval next week

One of Las Vegas Strip's most recognizable casino empires now faces a reckoning over a seven-year compliance failure that allowed an illegal bookmaker to gamble millions of dollars across its properties, exposing systemic weaknesses in anti-money laundering safeguards that regulators say could have been prevented. Reports from the casino and gambling industry highlight these shortcomings.

Caesars Entertainment has agreed to pay a $7.8 million fine to settle a complaint filed with state gaming regulators alleging the company failed to identify or stop Mathew Bowy...